On Monday, as the price of $BTC fluctuated, investors in spot ETFs reduced their investments. Aside from BlackRock's investors, who still managed to maintain a four-digit net buy, other institutional data can be disregarded. Although there is still a net outflow, the buying volume was already low, and now it has decreased further.
It must be said that Musk is overly idealistic, and the feud between Trump and Musk is likely to replicate the results of last month's argument, and this time it may be more severe. Trump has even referenced the previous incident in South Africa and suggested that DOGE should check Musk.
Cryptocurrency is once again facing an unforeseen disaster, but personally, I believe that although the outcome may be similar, the impact this time may not be as significant as last time, especially since it has happened once before. Moreover, the probability of the big infrastructure bill passing this time is quite high.
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